US card shocks online players

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The cards have turned against online companies such as Betcorp. – (The Age — 3 October, 2006)+ related stories

The US Government stunned the online gambling industry by passinglaws that effectively ban the services from their biggest market. – (Sydney Morning Herald — 3 October, 2006)+ related stories

Internet betting sites and payment systems lost billions of dollars in market value after the U.S. government moved to criminalize the processing of online wagers. (International Herald Tribune — 3 October, 2006)+ related stories

Shares in the online gamer more than halve in value in early trade. – (The Age — 3 October, 2006)+ related stories

AUSTRALIAN online gambling stocks Betcorp and Lasseters Corp more than halved in value yesterday as the market reacted to the US Government’s shock move effectively banning online gambling operations from doing business with American customers. – (Sydney Morning Herald — 4 October, 2006)+ related stories

The Internet gambling legislation passed late last week by the U.S. Congress, which led to a major sell-off of Britain-based online gambling stocks Monday, remains a concern to the U.S. banking industry but is not as burdensome as feared. (International Herald Tribune — 3 October, 2006)+ related stories

The US government is tipped to propose a system to stop internet gambling sites, say experts, as UK gambling stocks tumble. (BBC News — 3 October, 2006)+ related stories